Money, Saving and Investments Book Back Questions & Answers
Unit 1 > Social > Class 8 > Samacheer Kalvi - English Medium
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1. Which metals were used for metallic money?
a) gold
b) silver
c) bronze
d) all the above
Correct answer: d) all the above
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2. Who introduced the paper money?
a) British
b) Turkish
c) The Mugual Empire
d) Mauryas
Correct answer: c) The Mugual Empire
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3. The value of money is
a) Internal value of money
b) External value of money
c) Both a & b
d) None of these
Correct answer: c) Both a & b
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4. Which is the Bank Money?
a) Cheque
b) Draft
c) Credit and Debit cards
d) All the above
Correct answer: d) All the above
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5. Pick out the incorrect one: Investment can be made in different vehicle.
a) Stock
b) bonds
c) Mutual fund
d) Pay tax
Correct answer: d) Pay tax
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6. Who is responsible for the collection and publication of monetary and financial information?
a) Finance commission
b) Finance Ministry
c) Reserve Bank of India
d) Auditor and Comptroller General of India
Correct answer: c) Reserve Bank of India
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1. Online Banking is also known as ______.
Correct answer: Internet Banking.
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2. ______ is what money does.
Correct answer: Money
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3. The term of bank is derived from ______ word.
Correct answer: old Italian word 'banca'
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4. Value of money is meant ______ of money.
Correct answer: the purchasing power
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5. The Indian banking regulation act of ______ .
Correct answer: 1949
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1. Barter system
Correct answer: exchanged goods for goods
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2. Reserve Bank act
Correct answer: 1935
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3. E- Money
Correct answer: Electronic Money
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4. Savings
Correct answer: Consumers disposable income
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5. Black money
Correct answer: tax evaders
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1. The word Money is derived from?
Correct answer: The money is derived from Roman word Moneta Juno.
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2. Which bank gives to both short term and long term loans?
Correct answer: Rural cooperative credits insstitution.
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1. Barter system had many deficiency like I. Lack of double coincidence of wants II. No difficulties of storing wealth III. Common measure of value IV. Indivisibility of commodities
a) I and II is correct
b) I and IV is correct
c) I, III and IV is correct
d) All are correct
Correct answer: c) I, III and IV is correct
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1. Recent forms of money transactions are
a) Credit card
b) Barter system
c) Debit card
d) Online banking
Correct answer: b) Barter system
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2. Effects of black money on economy is
a) Dual economy
b) Undermining equity
c) No effects on production
d) lavish consumption spending
Correct answer: c) No effects on production